Financial configurations of Italian private hospitals: an evolutionary analysis

Abstract

Private hospitals are an important pillar in many hybrid systems. In Italy they are bound to grow, but we have little knowledge of how they are coping with financial pressures. We use a configurational approach to determine the relationship between the macroprofiles of Italian private hospitals and their performance. We built a unique dataset with governance and financial statements data of all Italian private hospitals. We use a combination of partial triadic analysis (PTA) and clustering technique to identify both the main explicative financial dimensions and hospital configurations, and trace their evolutionary paths from the beginning of Regional Health Care Turnaround Plans (2008) to 2016. Understanding the evolution of configurations, our study entails also some implications for policy and practice.

Keywords: Economic performance; Financial profile; Health policy; PTA; Private hospital.